It may surprise many, but a large percentage of drivers in Maryland are uninsured or have inadequate insurance coverage. That said, many motorists wonder how they can recover monetary compensation for their injuries and damages that were caused due to another motorist’s negligence when they do not have auto insurance or their coverage is not enough to pay for their losses. When this is the case, motorists can rely on their uninsured/underinsured motorist coverage to protect them from having to pay hefty out-of-pocket accident-related expenses caused through no fault of their own. If you have been injured in an accident with an uninsured or underinsured, contact a seasoned Prince George’s County Auto Accident Lawyer who can help you secure the fair compensation you deserve. Continue reading to learn whether motorists are legally required to carry uninsured/underinsured motorist coverage in Maryland.
Do I need to have uninsured/underinsured motorist coverage in Maryland?
In most states, motorists are legally required to purchase specific types of liability coverage that protects them if the at-fault driver is uninsured or underinsured. In Maryland, motorists must carry uninsured/underinsured motorist coverage with bodily injury coverage of at least $30,000 per person, property damage of at least $15,000 per accident, and a cap of $60,000 per accident. Uninsured/underinsured motorist coverage only applies when you are not at fault for the cause of the collision, the at-fault driver does not have enough insurance to cover your damages, or you are the victim of a hit-and-run accident.
Uninsured motorist coverage
Following an accident, victims are often burdened with hefty medical bills, lost wages, pain, suffering, and various other damages. If you are injured in an accident, and the at-fault driver is uninsured, your insurance company will reimburse you for any accident-related expenses. Instead of recovering monetary compensation for your damages through the at-fault driver’s insurance, you will turn to your insurance to collect payment for your losses.
Underinsured motorist coverage
If you are injured in an accident, and the at-fault driver is not adequately insured, meaning their coverage does not provide you with sufficient funds to cover the total cost of your losses, underinsured motorist coverage will provide you with the remaining funds needed to cover the total cost of your damages. However, it is critical to note that underinsured motorist coverage only applies if the at-fault drivers’ liability coverage is lower than your coverage limits.
In the unfortunate event that you have been injured in an auto accident involving a driver who is uninsured or inadequately insured, contact a dedicated Prince George’s auto accident lawyer at Timian & Fawcett, LLC today. Our firm is committed to helping our clients fight for the just compensation they are entitled to. Allow our firm to represent your interests today to maximize your chances of achieving favorable results.